Mitsui buys Aimco’s share in second phase of Television Centre
Mitsui Fudosan has bought Aimco out of the £500m second phase of the Television Centre redevelopment in White City, W12, as it presses ahead on works with development manager Stanhope.
The project consists of 511 homes in four separate plots, including a crescent-shaped block of 180 flats and a 25-storey building of 167 apartments for completion in 2026.
Construction has already begun on 142 affordable homes for Peabody in two new buildings called Macfarlane Place at the Television Centre, with delivery expected in early 2024. Designed by Maccreanor Lavington Architects, the buildings will replace the now-demolished former BBC multi-storey car park on Wood Lane.
Mitsui Fudosan has bought Aimco out of the £500m second phase of the Television Centre redevelopment in White City, W12, as it presses ahead on works with development manager Stanhope.
The project consists of 511 homes in four separate plots, including a crescent-shaped block of 180 flats and a 25-storey building of 167 apartments for completion in 2026.
Construction has already begun on 142 affordable homes for Peabody in two new buildings called Macfarlane Place at the Television Centre, with delivery expected in early 2024. Designed by Maccreanor Lavington Architects, the buildings will replace the now-demolished former BBC multi-storey car park on Wood Lane.
The completion of phase two will complete the masterplan and open the site to residents. It includes a new second entrance on Wood Lane and a pedestrian connection through Hammersmith Park via interlinking urban streets.
Stanhope and Mitsui previously sought to push ahead with second phase works in 2018.
Tomoo Nakamura, managing director at Mitsui Fudosan UK, said: “We have already completed over 500m sq ft of office space as well as more than 430 homes on the Television Centre site. We remain focused on ensuring that this development continues to be delivered to the highest standards while we continue to explore other investment opportunities in London.”
Jonathan Trout, property and commercial director at Stanhope, said: “The start of phase 2 demonstrates the commitment of Stanhope and Mitsui Fudosan to the delivery of much-needed new housing, including affordable, in Hammersmith & Fulham and our long-term commitment to the area.”
Both Aimco and Mitsui Fudosan remain owners of phase one, which included Soho House, the Helios residential building, 2 Television Centre, and 1 Wood Crescent.
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